Injection Molded Plastics Market, by Raw Material (Polypropylene, Acrylonitrile butadiene styrene (ABS), High Density Poly Ethylene, Polystyrene, Others) by Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Others) , by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Injection molding process is the manufacturing process for producing parts by inserting materials into a mold to create varied shapes and sizes of the object. Injection molding can be achieved with a host of materials consisting of metals, elastomers, glasses, confections, and polymers. Injection molding plastics are extensively in variety of components such as automotive parts, bottle caps, packaging, storage containers, mechanical parts, and wire spools.
Market Dynamics
The global injection molded plastics market has witnessed significant growth in recent past years, owing to the rising demand for packaging solutions in various end-user industries such as pharmaceutical, cosmetics, food & beverages and others. Furthermore, growing investments for research & development in production injection molded plastics is expected to provide lucrative growth to the global glass packaging market over the forecast period.
Major players in the global injection molded plastics market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities in automobile and electrical industry to capitalize on emerging trends in various end-use industries such as cosmetics & personal care, textile, food & beverage, healthcare and others. This scenario is expected to fuel the market during the forecast period
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